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The Portuguese Social Democratic Party, known in Portugal as Partido Social Democrata (PSD), is a center-right political entity that has played a significant role in the country's political landscape since its foundation in 1974, shortly after the Carnation…   Revolution which ended decades of dictatorship. Despite its name suggesting a leaning towards social democracy, the PSD is more accurately characterized by its commitment to liberal economic policies, social market economy, and European integration, aligning it with the center-right spectrum of Portuguese politics.<br /><br />The PSD values the principles of democracy, freedom, and social justice, but it interprets these through a lens that emphasizes the importance of a market economy, private enterprise, and fiscal responsibility as the foundations for economic growth and social welfare. The party advocates for reducing the state's role in the economy, promoting private investment, and implementing reforms aimed at enhancing competitiveness, innovation, and entrepreneurship. It also supports social policies that aim to provide a safety net for the vulnerable, but through mechanisms that encourage self-reliance and personal responsibility.<br /><br />On the social front, while the PSD has traditionally held conservative views, particularly on issues such as family and national identity, it has shown flexibility and a degree of pragmatism, adapting its positions to reflect changing societal norms and values. The party is also a staunch supporter of European integration, viewing Portugal's membership in the European Union as essential for the country's economic and political stability.<br /><br />In summary, the Portuguese Social Democratic Party is a center-right political force that champions liberal economic policies, a reduced role for the state in the economy, and the importance of European integration, while also supporting social policies that aim to combine social welfare with personal responsibility. Its approach to governance reflects a balance between promoting economic growth and ensuring social cohesion.Читати далі